Passenger Boarding Bridge Market Set to Witness an Uptick Size US$ 3.1 Billion to 2029: Future Market Insights, Inc.
Future Market Insights (FMI), in its latest study, underlines the growth trail of the passenger boarding bridge market for the foreseeable duration of 2022 to 2029. According to the report, Sales of the global passenger boarding bridge market reach a valuation of US$ 3.10 Billion in 2029, likely to Grow Relatively at 8% CAGR during the estimation period. finds Future Market Insights.
As innovation makes notable inroads in the aviation
industry, manufacturers of passenger boarding bridges are under the high press
to develop technologically-advanced and convenience-centric offerings.
The strong outlook of the global airport infrastructure
construction, coupled with the escalating convenience expectations of
passengers, is shaping the dynamics of the passenger boarding bridge market.
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Getting everyone on board in a safe and sound way has
garnered increased traction from airport authorities, in line with the
substantial rise in air traffic over the years. Safety and ease have taken the
center stage in every PBB development process, with companies vying to offer a
win-win offering to passengers and operators, alike.
It will be unsurprising to witness a large number of
advanced PBBs, as market players shift their focus on the development of
AI-based automatic jet bridges that eliminates the need for skilled
individuals, to close the gap between 10 cm.
Market players have been strategically devising approaches
and investing in developing a differentiated passenger experience, to win the
price war and appeal a wide pool of end-users. As automation of operational
processes becomes increasingly commonplace in airports, it is highly likely for
the market to witness substantial optimistic waves of change in the
manufacturing of jet bridges.
As per the study, mobile telescopic bridges are witnessing
increased traction from airlines, which led to sales of ~1,500 units in 2021,
owing to their high flexibility and advanced features. An increasing number of
companies have shifted their preference to mobile telescopic bridges over
T-bridges, as the former can accommodate a wide range of aircraft while
allowing easy installation as per various apron configurations.
The study opines that as airports are increasingly shifting
their objective towards providing a luxury experience to passengers, the demand
for glass-walled passenger boarding bridges has grown significantly. The
aesthetic aspect of glass-walled passenger boarding bridges, which lies in the
fact that these bridges make the experience of boarding the aircraft less
confining has been pushing their adoption across an increased number of
airports.
As per the study, glass-walled passenger boarding bridges
accounted for ~65% of market volume share in 2021.
Developing Regions – Hotbed of Opportunities for
Stakeholders
In view of the growing lucrativeness of developing regions,
such as the Asia Pacific, leading players in the passenger boarding bridge
market have placed their focus on securing contracts for PBB supply in these
countries. Asia’s proliferating commercial aviation sector has positioned the
region as the largest and fastest-growing market for airport infrastructure investments
in the world.
Several partakes have already shifted their goal coasts to
the Asia Pacific and managed to obtain long-term supply contracts in the
region. For instance, In September 2017, ADELTE landed in India with a contract
for 12 airports, while seeking a long-term relationship to secure sales.
A large number of market players in the Asia Pacific are
constantly investing in technology to cope up with the growing passenger
expectations related to convenience and ease. For instance, in January 2018,
China International Marine Containers developed the world’s first automatic
intelligent boarding bridge, which is likely to go functional in the
Netherlands’ Schiphol Airport by 2019-end.
Furthermore, the lucrativeness of the region will remain
intact in line with the upcoming Olympics and international sports events to be
held in the region, which is highly likely to push the tourists to flow in the
region.
Key Segment:
Product:
- Telescopic
Bridges
- T-Bridges
Structure:
- Steel-walled
- Glass-Walled
Type:
- Fixed
- Movable
Drive System:
- Hydraulic
System
- Electro-Mechanical
System
Region:
- North
America
- Latin
America
- Europe
- South
Asia
- East
Asia
- Oceania
- MEA
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